🕵️♂️ How to Find a Winning Product on Amazon: A Step-by-Step Guide
Are you looking to start selling on Amazon but don't know where to start? Finding a winning product can be a daunting task, but with the right tools and strategies, it can be a lot easier than you think. In this article, we'll show you how to find a product on Amazon that's doing over a hundred thousand dollars per month with less than a thousand reviews. We'll take you through the whole process step-by-step, from picking a category to finding the main keyword and calculating your profit margin. So, let's get started!
📝 Table of Contents
- Introduction
- Step 1: Pick a Random Category
- Step 2: Use Amazon's New Releases Section
- Step 3: Run Helium 10 X-Ray to Check Sales
- Step 4: Check the Overall Market for the Main Keyword
- Step 5: Use Helium 10 Cerebro to Find the Main Keyword
- Step 6: Check the Search Volume History
- Step 7: Find a Manufacturer on Alibaba
- Step 8: Calculate Your Profit Margin
- Conclusion
Step 1: Pick a Random Category
The first step in finding a winning product on Amazon is to pick a random category. This will help you to discover products that you may not have thought of before. For example, if you're interested in home and kitchen products, you can click on that category and start exploring.
Step 2: Use Amazon's New Releases Section
Once you've picked a category, go to Amazon's New Releases section. This section shows you all the popular trending products on Amazon. These products are likely ranking on page one and getting a lot of sales. Pick a random product that catches your eye and click on it.
Step 3: Run Helium 10 X-Ray to Check Sales
To check if the product is actually getting any sales, run Helium 10 X-Ray. This tool will show you the estimated monthly revenue, number of reviews, and other important data. If the product is brand new and has zero reviews, it may not have enough data yet. In that case, you can move on to the next step.
Step 4: Check the Overall Market for the Main Keyword
To check the overall market for the main keyword, run a search on Amazon using the main keyword in the product's title. This will show you all the other products that are selling the same or similar products. Check the reviews, sales, and price points of these products to get an idea of the market.
Step 5: Use Helium 10 Cerebro to Find the Main Keyword
To find the main keyword, use Helium 10 Cerebro. This tool will show you the search volume, trend, and competition for each keyword. Look for the keyword with the most searches and the least competition. This will be your main keyword.
Step 6: Check the Search Volume History
To check the search volume history, use Google Trends. This tool will show you the search volume for your main keyword over time. Look for any seasonal trends or spikes in demand. This will help you to plan your inventory and marketing strategy.
Step 7: Find a Manufacturer on Alibaba
To find a manufacturer on Alibaba, search for your main keyword and look for products that are similar to yours. Contact the manufacturer and ask for a quote. Make sure to factor in shipping and other fees when calculating your cost of goods sold.
Step 8: Calculate Your Profit Margin
To calculate your profit margin, use Amazon's FBA Revenue Calculator. This tool will show you the fees and profit margin for your product. Make sure to factor in your cost of goods sold, shipping, and other expenses.
Conclusion
Finding a winning product on Amazon takes time and effort, but with the right tools and strategies, it can be a lot easier than you think. Follow these steps to find a product that's doing over a hundred thousand dollars per month with less than a thousand reviews. Remember to check the overall market, search volume history, and profit margin before making a decision. Good luck!
🎉 Highlights
- Use Amazon's New Releases section to find popular trending products
- Run Helium 10 X-Ray to check the estimated monthly revenue and number of reviews
- Use Helium 10 Cerebro to find the main keyword with the most searches and the least competition
- Check the search volume history and seasonal trends using Google Trends
- Find a manufacturer on Alibaba and calculate your cost of goods sold
- Use Amazon's FBA Revenue Calculator to calculate your profit margin
❓ FAQ
Q: How do I know if a product is too competitive?
A: Check the number of reviews, sales, and price points of other products in the same market. If there are a lot of products with high reviews and sales, it may be too competitive.
Q: How do I differentiate my product from others in the market?
A: Look for unique features or benefits that your product offers. You can also bundle your product with other complementary products or offer a better price.
Q: How do I calculate my storage fees?
A: Multiply the number of units you're selling by the storage fee per unit. This fee varies depending on the size and weight of your product.
🌐 Resources
- Helium 10: https://www.helium10.com/
- Alibaba: https://www.alibaba.com/
- Amazon FBA Revenue Calculator: https://sellercentral.amazon.com/hz/fba/profitabilitycalculator/index?lang=en_US
